Cushman & Wakefield arranges $33.65 million loan on behalf of Middleburg Communities

Acquisition financing secured for Peppertree Apartment Community

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Peppertree
Cushman & Wakefield arranged a $33.65 million loan for the acquisition of Peppertree, a 353-unit apartment community located in North Charleston, South Carolina.

Cushman & Wakefield announced that the commercial real estate services firm has arranged a $33.65 million loan on behalf of Middleburg Communities for the acquisition of Peppertree, a 353-unit apartment community located in North Charleston, South Carolina.

Blake Cohen, Mike Ryan, and JP Cordeiro of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.

Located at 4640 Forest Hills Drive, the property is 80.5 percent leased and features one- and two-bedroom units with an average unit size of 827 square feet. Amenities include a swimming pool, bark park, fitness center and BBQ/picnic area.